Monday, November 17, 2014

Technical Analysis Nov 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX have been retrace down 16.5%...

Will it rebound @ psychology support level, RM2.00 ?

Other indicator:-
MACD moving toward negaive region, downtrend sign.
Stochastic %K at oversold stage

Immediate resistance @ RM2.06 level. 
Subsequent resistance @ RM2.16 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.82 level.

Let's watch closely for technical rebound ...

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